USDA's May 2015 supply and distribution report was released today, which includes the first estimates for MY 2015/16. Many changes are likely over the next several months, but there were some items of significance to the oilseeds sector. Oilseed Highlights from USDA WASDE Report USDA today released its May 2015 supply and distribution report that includes the first estimates for MY 2015/16. There will undoubtedly be many changes to these forecasts over the next several months, but the initial numbers are always instructive as to what may occur. Below are the items that I have identified of significance in the report with respect to the oilseeds sector:MY 2014/15
The U.S. domestic soybean crush was increased by 10 million bushels to 1.8...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
